flag-gb flag-my flag-zh flag-id flag-th flag-vi

COMMODITIES TECHNICAL ANALYSIS October.18

Gold

The XAU/USD traded flat on Monday. The price is stuck between 2150 and 2160. Gold prices bounced from the lower limit of the range and advanced north towards 2160 dollar per ounce. The resistance is at 2160, the support comes in at 2150 dollar per ounce.

The price may reverse some of its losses if it returns to 2160. We expect a downward pressure to persist. In this potential scenario yellow metal will decline to 1310 dollar per ounce.
18_10_2016_xauusd_1

Brent

Brent prices had a negative day yesterday. An attempt to recover stalled at the mark 52.20 dollar per barrel. The price faced a selling pressure and fell to 51.50. The resistance is at 51.50, the support comes in at 50.50 dollars per barrel.

If the downward pressure persists the Brent prices might extend the recovery towards 50.50.

18_10_2016_brent

Read the full review on our site:
https://www.fortfs.com

Latest news

+$500 for trading

2020-09-29 08:00:46

+$500 FOR TRADING Trade and receive real money for each 10th completed lot USE THE BONUS AND GET THE FOLLOWING BENEFITS: Unlimited withdrawal Compatible with Megaprotect and Deposit Bonus Available for cents and swap-free accounts HOW TO GET BONUS? To have a valid trading account To maintain the minimum account balance of 100 USD Keep trading and receive […]

Share posts and earn money

2020-09-16 08:29:16

We are launching the long-awaited rewards program for all subscribers of our social networks – share posts with your friends and get money on your FortFS account as a reward! 🥇 The participants will get the following benefits: • Real money for reposts • The reward is available for withdrawal without restrictions • You can […]